What does Woolworths Ltd do?
Woolworths Limited [ASX:WOW] primary activity is in supermarkets. Woolworths is made up of several business divisions from selling food and liquor, petrol through the Caltex alliance, and home improvement through the Masters hardware stores.
That’s all well, but what is the chart telling you?
What does the Woolworths chart look like?
I find it helpful to bring up a chart. Here’s the weekly chart of WOW.
Looks to be breaking lows on the weekly…which is telling you something.
Are WOW shares a buy?
It depends if you are looking to buy bargains in the market or not.
It just doesn’t seem to occur too many — that they might perhaps be better off — to go looking for stocks getting more expensive.
Most people, it seems, treat the share market like a super market: they are continually looking for bargains. That perhaps is not the fast track to share market profits. You can get more insights on that here.
Cheers,
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts
Terence Duffy
Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles. His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts.
As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.
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